The Economic Times 30 June 2013
NEW DELHI: Jindal Steel and Power plans to commission a 2 million tonnes per annum (MTPA) capacity plant in Oman in October, which the company claims would be the largest steel plant in the Gulf region.
“In Oman, we are commissioning the steel melting shop in October. We have also placed orders for bar and rod mills. Steel melting shop will produce billets and next logical step is to make bar and rods, long products,” Jindal SteelBSE 7.89 % and Power (JSPL) Managing Director and CEO Ravi Uppal told PTI in an interview.
He said capacity of the Oman plant, which is the company’s first overseas steel venture, will be 2 MTPA and “it is the biggest plant in gulf” region.
The Naveen Jindal-led company had acquired Shadeed Iron and Steel in Oman in May, 2010 from Abu-Dhabi’s Al Ghaith Holdings for about USD 500 million.